13 Cheap Stocks Under $50 to Buy Now

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1. Bank of America Corporation (NYSE:BAC)

Stock Price: $46.15

Forward P/E: 12.77

Number of Hedge Fund Holders: 117

Bank of America Corporation (NYSE:BAC) is one of the best cheap stocks under $50 to buy now. Bank of America Corporation (NYSE:BAC) reported its fiscal Q2 2025 earnings report on July 16, stating that the company expects to deliver operating leverage in the second half of 2025.

It also said that it is continuing to see “solid consumer” and good organic client activity in the quarter as clients see clarity amid tariff changes.

Barclays stated that it sees Bank of America Corporation’s (NYSE:BAC) fiscal Q2 2025 report as positive for Mastercard and Visa, as well as merchant processors. The firm told investors in a research note that the company’s card volumes suggest a resilient consumer spend backdrop.

Bank of America Corporation (NYSE:BAC) reported $7.1 billion in net income in fiscal Q2 2025, which translates to $0.89 per diluted share.

Revenue for the quarter reached $26.5 billion, net of interest expense, up 4% and reflecting lower investment banking fees, higher net interest income (NII), sales and trading revenue, and asset management fees.

Bank of America Corporation (NYSE:BAC) is a bank and financial holding company that operates in the Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, and Global Markets segments.

While we acknowledge the potential of BAC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

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